Reference is made to the Company's announcement made on 24 June 2022 in relation to the Judicial Review Application No.: WA-25-405-06/2022 filed in the High Court of Malaya at Kuala Lumpur from Chan Sei Yong, Lionel Khoo Tiong Giaw and Fu Sek Jin ("the Appellants") vs.  Menteri Kesejahteraan Bandar, Perumahan dan Kerajaan Tempatan, Pengawal Perumahan Kementerian Kesejahteraan Bandar, Perumahan dan Kerajaan Tempatan and JKI Development Sdn Bhd ("the Respondents"). Unless otherwise stated, the terms stated herein shall have the same meaning as defined in the earlier announcement.

The Board of Directors of Jiankun wishes to announce that the Court of Appeal had dismissed the Appellants' appeal with costs of RM10,000 payable to the Respondents.

Following the decision, no liquidated ascertained damages are payable to the Appellants.

The Court held, amongst others, that Section 38C(3) of the COVID-19 Act ("the Act") should be interpreted purposively in light of the legislative intent to mitigate the impact of the COVID-19 pandemic on ongoing construction projects, and that the exemption granted under the Act constitutes a statutory freezing of time.

Any further material development of the above matter will be announced in due course.

This announcement is dated 15 May 2026.